In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western...

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In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport h

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Answer 1

Answer #1

	General Journal	Debit	Credit
January 23, 2021	Treasury stock	405		=15*27
	Cash		405

September 03, 2021	Cash	84		=3*28
	Treasury stock		81	=3*27
	Paid-in capital—Share repurchase		3

November 04, 2021	Cash	75		=3*25
	Paid-in capital—Share repurchase	3
	Retained earnings	3
	Treasury stock		81	=3*27

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Answer 2

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